(RNS) A special commission created by the Evangelical Council for Financial Accountability has called for clearer IRS guidance and greater involvement among donors to address “outliers” among congregations and other nonprofits that are not being financially accountable. By Adelle M. Banks.
Articles tagged “nonprofits”
(RNS) A public watchdog group is charging the U.S. Conference of Catholic Bishops with openly politicking on behalf of Republican presidential candidate Mitt Romney and wants the Internal Revenue Service to explore revoking the hierarchy’s tax-exempt status. By David Gibson.
WASHINGTON (RNS) For the fourth year in a row, President Obama is proposing lower tax deductions for the wealthy on donations to churches and other nonprofit organizations. And for the fourth year in a row, nonprofit groups say the change would lead to a dramatic drop in charitable giving. By Annalisa Musarra.
NEW BRUNSWICK, N.J. (RNS) Tens of thousands of current and former employees at scores of religiously affiliated institutions across the country are worried as nonprofits increasingly seek refuge in “church” pension plans to escape onerous financial obligations. By Tom Haydon. 800. With photo.